Wairau property a rare find

NAI Harcourts North Shore is selling an office/warehouse in the popular Wairau Valley.

Unit C, 50 Diana Dr, which is available with vacant possession, will be auctioned at 1pm on June 28, unless sold earlier.

Harcourts agent Dave Lane says the property is situated on the northernmost end of Wairau Valley, near Diana Drive's intersection with Ashfield Street.

He describes the 252sq m property as a small-to-medium sized industrial unit within a three-unit development, on a rear site.

The freehold property has ground floor and first floor office areas, plus a warehouse with both high and low-stud areas (4.9m to 5.3m), plus full height roller door access.

"The position offers an easy to find location, motorway access and excellent retail proximity," he says.

"The opportunity to purchase an office/warehouse in this very sought-after location is as rare as hen's teeth.

"And coming with vacant possession provides an ideal opportunity for owner-occupiers, or investors looking for an affordable addition to their portfolio.

"A small alteration could allow for individual leasing of each level to separate tenants, creating a split-risk investment," he points out.

Thought to have been completed in the mid 1980s, the building's overall design is relatively simple. It features profile steel cladding on the upper level and secure concrete blockwork on the lower level. General construction comprises concrete foundations, concrete slab floor at ground level and particle board floor to the mezzanine level.

There is aluminium joinery, the roof is long-run steel supported by wood laminated timber beams and internal walls and ceiling are plaster board.

The main warehouse is about 143sq m, the mezzanine offices about 86sq m and the ground floor offices about 23sq m. There are three car parks.

"Keenly sought-after and hard to find, it is anticipated there will be a high level of interest for this office/warehouse property due to its affordability, location and potential."